Class A multifamily development with 324 units in a high-growth Phoenix submarket. Our preferred equity position provides downside protection with stabilized returns.
Strategic horizontal well development in a proven, energy-rich basin with low geologic risk and tax-efficient structure.
Diversified real estate investments across the Southeastern US focusing on build-to-rent communities, lot development, and storage assets.
Real estate-backed preferred equity generating stable cash flow through structured debt investments in multifamily real estate.
A high-conviction strategy focused on real asset-backed investments that capitalize on market dislocation, distressed ownership, and capital misalignment—unlocking below-market opportunities with strong long-term upside.
Stabilized, single-tenant asset in Texas' logistics corridor offering steady income and upside—aligned with Flex Capital's focus on simplicity and resilient returns.
Stabilized grocery-anchored shopping center in Greater Boston featuring ~85,000 SF across three fully leased units with national tenants and strategic expansion potential.
Necessity-driven shopping center in rural Mid-Atlantic corridor featuring ~118,000 SF with grocery anchor and essential retailers under long-term NNN leases.
Branded upscale select-service hotel in the Greater Phoenix area. This new-build property is part of Choice Hotels International's fastest-growing segment, targeting business and leisure travelers seeking comfort, efficiency, and elevated design.
Limited partnership in five in-service narrowbody aircraft leased to major carriers with contracted cash flows and multiple exit pathways.
Nature-immersive hospitality and events campus in Northern California with rare entitlements and a clear value-creation strategy.
Flex Capital's Preferred Equity investment supports the development of a Class A multifamily community in one of the fastest-growing submarkets of the Phoenix metropolitan area. This deal reflects Flex Capital's disciplined approach to capital stack positioning, emphasizing downside protection while participating in stabilized return profiles.
Preferred Equity offers Flex Capital senior payment priority, capped upside, and reduced exposure compared to common equity, making it well-suited for this stage of the market cycle. The Phoenix metro continues to see strong demographic growth and housing demand, and this investment positions Flex Capital to benefit from that momentum—while maintaining a conservative risk profile.
Flex Capital's investment in this natural resources joint venture represents a strategic entry into the domestic energy sector through a non-operating position in low-risk oil and natural gas development. This investment supports Flex Capital's broader thesis of diversification into essential infrastructure-backed assets with stable production potential.
This opportunity aligns with Flex Capital's approach of backing real asset-based investments that deliver long-duration yield and inflation-sensitive upside. The venture offers access to domestic energy production with defined project timelines, visible cash flow pathways, and mitigated exposure through diversified well planning.
Sunbelt Development Portfolio marks Flex Capital's investment into a fully integrated real estate investment and development company operating across the Southeastern United States. This Fund supports projects at the intersection of land entitlement, residential demand, and lifestyle-driven asset classes—positioning Flex Capital to benefit from demographic tailwinds, migration trends, and asset-class resilience.
Capital is deployed across several complementary verticals:
Sunbelt Development Portfolio reflects Flex Capital's commitment to future-ready real estate investments that combine development expertise with institutional-grade execution, offering a blend of growth, cash flow, and downside protection across multiple asset types.
Flex Capital's participation in Income Strategy reflects a strategic allocation to real estate-backed preferred equity, focused on generating stable cash flow through structured debt investments in multifamily real estate. This opportunity supports Flex Capital's goal of achieving risk-mitigated yield while maintaining flexibility for near-term reinvestment.
Income Strategy Fund supports Flex Capital's broader thesis of investing in institutional-quality real estate through carefully structured instruments that emphasize cash flow, risk control, and optionality. In a shifting rate and valuation environment, preferred equity and structured debt continue to offer attractive relative value without taking on development or equity market risk.
Flex Capital's investment into Opportunities Fund is a high-conviction investment strategy built to capitalize on today's shifting real estate and credit landscape. With a focus on dislocation, value recovery, and cash-generating positions, the fund blends defensive yield with opportunistic upside across carefully selected, real asset-backed investments. Amid ongoing market rebalancing, tighter credit conditions, and a return to fundamentals, Flex Capital targets segments where forced selling, distressed ownership, or capital misalignment create below-market entry points and long-term value.
The fund is deployed across four distinct yet complementary verticals, each offering a differentiated risk/return profile:
The Opportunities Fund is built for a cycle‑aware, value‑driven market—one where liquidity, creativity, and disciplined underwriting create meaningful advantages. The fund is oriented toward long‑term growth, not short‑term market timing, and focuses on opportunities where structure and insight drive outsized outcomes:
This fund reflects Flex Capital's broader philosophy: act when others pause, lean into complexity, and create value through structure, timing, and expertise.
The Texas Warehouse Deal represents Flex Capital's strategic acquisition of a stabilized, single-tenant industrial asset located in a high-growth logistics corridor in Texas. The investment aligns with Flex Capital's approach to acquiring income-generating real assets with embedded upside and minimal operational risk.
The fund is deployed across four distinct yet complementary verticals, each offering a differentiated risk/return profile:
Industrial fundamentals in Texas remain among the strongest in the nation, driven by sustained population growth, infrastructure investment, and logistics demand. The Texas Warehouse Deal reinforces Flex Capital's thesis of owning mission-critical industrial assets in markets poised for long-term rent growth and structural tailwinds.
Flex Capital has made an investment in a stabilized grocery-anchored shopping center located in the Greater Boston area. This investment reflects Flex Capital's commitment to acquiring income-producing retail assets backed by essential services, high-credit tenancy, and strategic upside potential in supply-constrained urban submarkets.
This investment aligns with Flex Capital's strategy to partner with experienced operators in acquiring well-located, necessity-driven retail assets in major metropolitan areas. As urban retail continues to evolve, grocery-anchored centers in high-barrier locations stand out for their relevance, defensibility, and income resilience.
Flex Capital's position in this Greater Boston asset reflects a conviction in backing core retail with both current yield and future optionality through leasing, expansion, and operational optimization.
Flex Capital has made an investment in a stabilized, necessity-driven shopping center located in a rural Mid-Atlantic trade corridor. This opportunity reflects Flex Capital's continued focus on real assets that offer durable income streams and long-term upside, particularly in supply-constrained, underserved markets where consumer reliance on essential retail is high.
This investment underscores Flex Capital's strategy of acquiring necessity-based retail assets in non-urban markets where tenant reliance and daily-use traffic drive long-term performance. In contrast to volatile retail formats, centers like this continue to prove resilient, underpinned by local demographics and constrained new supply.
By participating early in this acquisition alongside a strong sponsor, Flex Capital is positioned to benefit from stabilized income, thoughtful leasing execution, and future valuation growth through operating improvements.
Flex Capital has invested in the development of a premium select-service hotel in the Greater Phoenix area. The property will operate under Choice Hotels International's newly launched upscale service brand — one of the company's fastest-growing segments. Strategically located at the crossroads of regional innovation, population growth, and shifting traveller preferences, the hotel is well-positioned to capture long-term demand in a dynamic market.
The project is situated in one of the most active economic corridors in the Western U.S., a zone now home to large-scale investments from Apple, Meta, Google, Amazon, and Boeing. The surrounding area features more than 12 million square feet of high-tech industrial and office development and is supported by over 1,000 acres of master-planned residential growth.
Located within a vibrant new mixed-use destination, the hotel will directly benefit from built-in foot traffic and visibility driven by on-site retail, dining, fitness, and entertainment. National brands such as Starbucks, AVEDA, and Discount Tire — alongside a 55,000-square-foot indoor trampoline and sports park — enhance the energy and daily draw of the site.
With 107 guest rooms, a rooftop restaurant and bar, resort-style pool, and meeting space, the hotel introduces a lifestyle-forward hospitality experience to a market that remains notably undersupplied in the upper-midscale segment. Its brand affiliation ensures access to national reservation networks, customer loyalty programs, and proven operating systems — all while maintaining lean operating efficiency through a select-service model.
While hotel development across Greater Phoenix has accelerated, most new supply skews toward either full-service or economy segments. There are currently no comparable select-service hotels under construction within this specific trade area.
The site is located within a 10-minute drive of:
The broader region welcomes more than 45 million visitors annually, driven by spring training, youth sports, medical travel, outdoor recreation, and regional conventions. The hotel benefits from strong freeway visibility and sits within close reach of major demand generators across both weekday and weekend segments.
Flex Capital views this project as a high-conviction opportunity in a structurally underserved, high-growth metro anchored by enduring demand. With a location between scaled employers, event traffic, and steady residential expansion, the hotel offers a compelling mix of predictable occupancy and long-term relevance.
As consumer travel patterns continue to normalize and loyalty to branded experiences remains strong, this investment exemplifies Flex Capital's approach: backing quality assets in growth corridors with real infrastructure, long-term defensibility, and meaningful differentiation.
Flex Capital is investing as a Limited Partner in a portfolio of five in-service, mid-life narrowbody aircraft on active lease to major carriers across North America and Europe. The strategy provides exposure to essential airline capacity with contracted cash flows, disciplined residual underwriting, and multiple exit pathways.
Five narrowbody aircraft (mix of 737NG and A320 family) are currently on operating leases to a diversified set of well-established airlines. Staggered lease maturities support continuity of income and reduce re-leasing concentration risk.
Tenants include national and large low-cost carriers, the majority investment-grade or equivalent. Standard aviation lease protections—maintenance reserves, return-condition requirements, and comprehensive insurance—help preserve collateral value and reduce downside risk.
The portfolio blends Boeing 737NG and Airbus A320-200 airframes with a weighted average age of ~12 years, serving multiple geographies and carrier types. This diversification helps mitigate idiosyncratic credit, regulatory, and market-demand factors.
Each asset is underwritten to conservative residual values based on expected condition, part-out economics, and remaining engine service life. Optionality to re-lease, sell with a forward lease, or harvest component value provides flexibility across market cycles.
Prolonged OEM delivery backlogs, supply-chain bottlenecks, reliability constraints on certain next-gen narrowbody engines, a constrained MRO workforce, and inflationary pressure on new-build costs continue to support lease rates and values for proven, in-service narrowbodies.
Flex Capital participates as an LP alongside experienced aviation operators and institutional capital partners. The portfolio utilizes modest, non-recourse senior financing from a top-tier global bank, emphasizing durability and risk management.
Crestone Air Partners (CAP)
A full-service aviation asset manager investing in commercial jet aircraft and engines on behalf of capital partners. CAP focuses on secondary-market transactions in the last decade of the asset lifecycle, tailoring flexible lease terms to operator needs. The team leverages the Air T family of specialist subsidiaries—covering airframe material sales, landing-gear leasing, engine material sales, disassembly, and aircraft storage—to create lifecycle advantages in acquisition, operations, and disposition. Headquartered in Denver, CAP is a wholly owned business unit of Air T, Inc. (NASDAQ: AIRT). and Blue Owl Capital, A leading alternative asset manager partnering with CAP on aviation strategies.
This investment aligns with Flex Capital's focus on essential recession resilient assets in supply-constrained markets. By prioritizing credit quality, residual discipline, and operational flexibility—and investing alongside with CAP and Blue Owl—the aviation portfolio is positioned to perform through cycles while preserving upside via re-leasing, selective capex, and efficient end-of-life strategies.
This investment centers on a nature‑immersive retreat and large‑format events campus set within the Northern California redwood corridor. The property combines hospitality, wellness, and corporate programming with scarce entitlements, scalable infrastructure, and a well‑defined value‑creation strategy—an opportunity made possible by a unique moment of market dislocation.
The 80 acre campus is anchored by a riverfront lodge, expansive meadow and grove venues, robust utilities with site‑wide Wi‑Fi, and commercial‑grade kitchen capacity—supported by parking and infrastructure engineered for high‑throughput group events.
Wildfire-hardening, water-recycling, and a regenerative-ag greenhouse support long-term stewardship. A lease on ~120 adjacent acres provides a natural buffer and access to private firefighting resources from a neighboring timber operator.
Amid higher interest rates, tighter credit conditions, and a limited pool of capable operators, the partnership secured an entry point at a meaningful discount to prior market expectations. Legacy obligations were retired, efficient seller financing was structured, and the seller was retained as a minority partner—preserving local relationships while accelerating permitting, operational transition, and execution.
Comparable Northern California retreat transactions frequently clear at premium per-key valuations. Our disciplined basis and build program create a margin of safety rare in California hospitality, with upside unlocked through programming mix, group sales, and targeted capex.
This investment extends our portfolio into essential, income‑producing asset within supply‑constrained, experience‑driven markets. By combining contracted group demand with scarce entitlements, phased expansion, and resilient operations, the campus is positioned for durable, through‑cycle performance—while maintaining upside through targeted densification and operational optimization.